Wednesday, November 29, 2017
Duluth, Ga. – November 27, 2017 – NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced that its Board of Directors has elected Deborah A. Farrington, co-founder and general partner of StarVest Partners, L.P. and president of StarVest Management, Inc. to the company’s board.
StarVest Partners, L.P. is a venture capital firm focused on technology-enabled business services investments that was founded in New York City in 1999. StarVest Partners was an early investor in software-as-a-service (SaaS), having invested in NetSuite Inc., a leading SaaS enterprise resource planning (ERP) company, as the first venture investor in 2000. Ms. Farrington was lead director and chairman of the compensation committee of NetSuite from its initial public offering in 2007 to its acquisition by Oracle in November 2016. She is a director and chairman of the compensation committee of Collectors Universe, Inc. (NASDAQ: CLTC). Representing StarVest, she serves as a board member for a number of portfolio companies in the SaaS, fintech, human capital and data and analytics sectors. She has been named to the Forbes Midas 100 List of top venture capitalists multiple times.
Earlier in her career she was an investment banker, securities analyst and manager with Merrill Lynch & Co. in New York, Hong Kong and Tokyo, and she also worked at Chase Manhattan Bank. A graduate of Smith College, where she is a member of the Board of Trustees, Ms. Farrington earned an MBA from the Harvard Business School, where she served on the Visiting Committee.
“We welcome Deborah to our board,” said Bill Nuti, chairman and CEO, NCR Corporation. “Deborah comes to our board with a valuable history in Financial Services and experience investing in high-quality software companies, and she participates on numerous high-growth software/SaaS company boards, including experience as Lead Director for NetSuite. She is another great asset to our board and she will continue to help NCR transform its business model.“
In accordance with NCR’s declassified board procedures, Ms. Farrington will be a candidate for re-election to the board at the company’s 2018 annual meeting of stockholders.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across the financial, retail, hospitality, travel, telecom and technology industries. NCR solutions run the everyday transactions that make your life easier. NCR is headquartered in Duluth, Ga., with about 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries. NCR encourages investors to visit its website which is updated regularly with financial and other important information about NCR.
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